..

Mafia Cash Cows: Craigslist Sex Trafficking, Offshore Internet Gambling, and Wind Energy

Written by:
Gilbert Horowitz
Published on:
Feb/09/2011

Following the high profile arrest of 125 alleged Mafia associates, many of you were probably left wondering how the Mob makes money these days.  Some of their exploits were documented in the multi-page complaint against the members.  But Salon.com has a more colorful take on things.  Would you believe Craigslist sex trafficking, offshore Internet gambling and wind energy?

Stayton Bonner writes:

Sure, the Mafia still traffics heroin, extorts businesses, and kills people. But today's gangster—like any good venture capitalist—has adapted to the times. It's not that the Mob is necessarily branching into new industries. It's just that they've pushed age-old breadwinners—prostitution, gambling, and money laundering—to new levels (or depths) in order to compete in an increasingly globalized economy.

The prostitution aspect ties in with poker to some degree.  The complaint against Gambino crime family members alleges that ads were placed on Craigslist for prostitutes, they were driven to appointments across New York and New Jersey, and afterwards, the Mob kept half the proceeds.  Prostitutes would often be made available to participate in high stakes poker games, presumably illegal underground games. 

Wind energy? 

Bonner points out that:

In 2008's Operation "Eolo"—named after the Greek god of winds Aeolus—eight alleged Mafiosi in the Sicilian coastal town of Mazara del Vallo were charged with bribing officials with luxury cars for a piece of the wind energy revenue. Police wiretaps recorded one man saying, "Not one turbine blade will be built in Mazara unless I agree to it."

As far an Internet gambling goes, nearly all the well publicized recent Mob-associated arrests have tied in with online sports betting.  The industry breathed a collective sigh of relief that Internet gambling was not among the more well publicized crimes mentioned as part of the big organized crime bust from a few weeks back.  Nevertheless, there were elements contained in the complaint.  One individual was mentioned as running an online sports betting scheme for a New York crime family charged in the recent complaint.

In 2008, the Queens District Attorney charged the Gambino family with illegal sports and casino-style gambling operations, stating the offshore wires were processed and managed by Lorri's Lounge and Bikini Bar in Brooklyn, whose owner lent money to borrowers at 200 percent interest.

Internet gambling is a multi-billion dollar but organized crime activity is not factored into those numbers since these factions operate mostly underground with the majority of money transfers taking place within the US through agents and other middlemen.

- Gilbert Horowitz, Gambling911.com 

Gambling News

Can't Bet the Illini From Illinois

Can't Bet the Illini From Illinois

Licensed Illinois sports betting apps do not permit wagering on in-state college teams.  You can get around this by signing up with a sportsbook licensed outside the state but still accessible within Illinois. 

Newest Downtown Vegas Casino Set to Open, Pandemic or Not

Newest Downtown Vegas Casino Set to Open, Pandemic or Not

If the 1,000-seat sports betting auditorium at the Circa Resort & Casino doesn’t get you, maybe the six rooftop swimming pools will.

The Buffet is Back at Hard Rock Casino....But Reinvented

The Buffet is Back at Hard Rock Casino....But Reinvented

Hard Rock Hotel & Casino Atlantic City is the first casino in Atlantic City to reopen their buffet as a new socially distanced all-you-can-eat concept. The newly reopened Fresh Harvest safely delivers all the classic comforts and international favorites of a buffet straight to the table for a one-time price of $29.99 per person. 

How Much Money Can You Make from Gambling?

If you are looking to make money from the gambling industry then you need to look at it from the simple way of the house and the player. The house always wins, is not just a saying, it is a reality. Over the long term players always lose, and just look at Vegas and other casinos around the world.

Accusations Levied Against William Hill for Cheating on In-Game Bets

Accusations Levied Against William Hill for Cheating on In-Game Bets

Nevada's William Hill operations have been accused of cheating players with in-game wagers, accusations that Hill calls "outrageous".

Syndicate